Changes in consolidated shareholders’ equity
|
|
Share capital |
Participa- tion capital |
Treasury shares |
Capital reserves |
Retained earnings |
Actuarial profit/loss from pension plans |
Accu- mulated translation differences |
Shareholders' equity excluding minorities |
Minorities |
Total share- holders' equity |
|
CHF thousand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity at 1 January 2016 according to IFRS |
2,783 |
625 |
- |
- |
623,265 |
–3,584 |
–55,283 |
567,806 |
32,063 |
599,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in accounting policies and estimates |
|
|
|
37,893 |
–126,633 |
3,584 |
55,283 |
–29,873 |
–9,783 |
–39,656 |
|
Equity at 1 January 2016 according to Swiss GAAP FER |
2,783 |
625 |
- |
37,893 |
496,632 |
- |
- |
537,933 |
22,280 |
560,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Group earnings |
|
|
|
|
–4,222 |
|
|
–4,222 |
3,201 |
–1,021 |
|
Effect of currency translation |
|
|
|
|
|
|
–1,502 |
–1,502 |
281 |
–1,221 |
|
Refund of unclaimed dividends |
|
|
|
1 |
8 |
|
|
9 |
|
9 |
|
Dividends |
|
|
|
|
|
|
|
- |
–275 |
–275 |
|
Capital increase |
3,983 |
|
|
167,280 |
|
|
|
171,263 |
|
171,263 |
|
Transaction costs of capital increase |
|
|
|
–3,183 |
|
|
|
–3,183 |
|
–3,183 |
|
Purchase/sale of treasury shares |
|
|
–21 |
7 |
- |
|
|
–14 |
|
–14 |
|
Conversion of participation capital into share capital |
625 |
–625 |
|
|
|
|
|
- |
|
- |
|
Changes in consolidation |
|
|
|
|
–292 |
|
292 |
- |
–177 |
–177 |
|
Purchase/sale of minorities |
|
|
|
|
–917 |
|
561 |
–356 |
2,269 |
1,913 |
|
Capital increase at minorities |
|
|
|
|
–40 |
|
|
–40 |
9,468 |
9,428 |
|
Equity at 31 December 2016 according to Swiss GAAP FER |
7,391 |
- |
–21 |
201,998 |
491,169 |
- |
–649 |
699,888 |
37,047 |
736,935 |
|
|
Share capital |
Participa- tion capital |
Treasury shares |
Capital reserves |
Retained earnings |
Actuarial profit/loss from pension plans |
Accu- mulated translation differences |
Shareholders' equity excluding minorities |
Minorities |
Total share- holders' equity |
|
CHF thousand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity at 1 January 2017 according to Swiss GAAP FER |
7,391 |
- |
–21 |
201,998 |
491,169 |
- |
–649 |
699,888 |
37,047 |
736,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Group earnings |
|
|
|
|
17,632 |
|
|
17,632 |
2,367 |
19,999 |
|
Effect of currency translation |
|
|
|
|
|
|
6,134 |
6,134 |
1,183 |
7,317 |
|
Dividends |
|
|
|
|
|
|
|
- |
–552 |
–552 |
|
Purchase/sale of treasury shares |
|
|
6 |
6 |
|
|
|
12 |
|
12 |
|
Changes in consolidation |
|
|
|
|
–19 |
|
19 |
- |
|
- |
|
Purchase/sale of minorities |
|
|
|
|
2,843 |
|
–6 |
2,837 |
2,908 |
5,745 |
|
Equity at 31 December 2017 according to Swiss GAAP FER |
7,391 |
- |
–15 |
202,004 |
511,625 |
- |
5,498 |
726,503 |
42,953 |
769,456 |
Since the beginning of 2017 the consolidated financial statements have been prepared in accordance with Swiss GAAP FER. The comparative figures were adjusted retroactively to reflect the change to Swiss GAAP FER.
At 1 January 2016 Repower’s issued capital comprised 2,783,115 bearer shares and 625,000 participation certificates each with a nominal value of CHF 1.00. In the first half of 2016 the existing bearer shares and participation certificates were converted into 3,408,115 registered shares, also with a nominal value of CHF 1, on a one-for-one basis. In the second half of the year a rights issue was held to increase the capital by issuing 3,982,853 new, fully paid-up registered shares with a nominal value of CHF 1; the capital increase generated gross proceeds of TCHF 171,263. Since then the share capital has consisted of 7,390,968 fully paid-up registered shares, each with a nominal value of CHF 1.00.